An exec just said blatantly in a pretty large all-hands call (sales/tech sales) that there is currently a right-sizing exercise going on in IBM and it will affect everyone (all orgs). No other details given, other than it will be discussed in each... read more
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Topics regarding layoffs at IBM
Oh, how perfect is this! /
"Some of the CEOs in Davos this week have said they are looking to see what Trump says about trade. Ginny Rometty, IBM's CEO, told CNBC, many of the trade agreements 'need modernization.'" Oh Ginni, we can see what you're couching when you say... read more
A registration is required to access all of it, but here's the relevant highlight (lowlight): "As always, we'll look for more productivity in our spend base, especially in our Services business, where we'll continue to remix our skills to new... read more
Ok so I just started my training for fast start but just got a cheet sheet for a manager there passing it around so not to worry just ask you can go party in Vegas
The massive across the board layoff date has been set for March. No one will be spared
Guessing no RA's this week, since Ginni's in Davos and it would be terrible optics. So perhaps next week. . . /
So Big Bleu is in the Top 5 of 2018 sales estimates for large Tech. firms, but decades loyal IBM'ers receiving a paltry raise or, heaven forbid, a well-deserved promotion, is just out of the question. And rigid cost constraints & travel freezes: $78B... read more
I believe the real thing to look at is the 5.5 billion charge taken in 4th q. What does that equate to. 5.5/.15 repatriation charge = 36.666 billion. Now IBM always had access to the 36 billion of cash, and said as much during the CFO call just after... read more
While everyone is waiting for the RA in a few weeks, take a few minutes to go to glassdoor.com and provide an anonymous review of your experience at IBM. It's a pretty quick process and it also gives you a chance to give thumbs up or down on the CEO... read more
With all the off-shoring, near-shoring, and H-1B's, no doubt this is only the tip of the iceberg of IP that is being stolen from Big Bleu by non-U.S. citizens. /
"Some occupations will go away, and new ones will be created, but even together, those will be a distinct minority of the world’s occupations." "Some occupations will go away. . ." Oh that's rich: "Some." Ginni's way of understating the upcoming... read more
"IBM IBM, -0.17% shares started falling late Thursday and dropped 4% to close at $162.37 Friday, after the company offered a disappointing outlook along with an earnings beat and return to revenue growth following 22 straight quarters of declines... read more
Do the leaked possible reorganization and potential layoffs of much IBM staff and layoffs figure into IBM's projection of flat earnings per share for 2018? Not something they will advertise in advance on their earnings call. However, severance costs... read more
Here is the WSJ coverage today... The source link is below but it's paywalled... IBM’s Growth Comes at a Cost Aging tech giant’s revenue finally rises, but investments expected to curb earnings growth for year ahead By Dan Gallagher Jan. 19, 2018... read more
I've been told that the RA has been moved to next month, due to bad optics too close to the tax cut and other corporations handing out raises and bonuses, and more time needed to flesh out the org changes and assignments.
"It also didn’t help that IBM’s newly installed CFO James Kavanaugh said during a call with analysts that the company’s earnings per share for 2018 would be 'at least $13.80,' lower than analyst expectations of $13.92. IBM’s 2018 EPS is on par with... read more
Earnings came in almost exactly where everyone expected. Mainframe gave us a bump, and will continue on for at least 2 more quarters. Services were disappointing THUS the merger of GTS/GBS. (Eg we are going to move the 120 billion in backlog to the... read more
We just got Ginni's email about fourth quarter results. As usual it is all sunshine. What really happened?
Big Bleu in the Top 12 with a $25B horde piled-up overseas. I'd love to get a full itemized accounting of exactly how every penny of whatever they decide to repatriate gets apportioned. Alas, I'm sure we'll never know. . ... read more
Was just wondering when these 10,000 cuts are going to start taking place? I've seen the number circulated all around, but no date attached to it (might have missed it, but I don't think so.) And is this truly going to be limited to GTS, or should... read more
How long has her turn around plan been in place? What are the Board of Directors and shareholders waiting on for her to retire with a golden parachute?
Loused-up another one! Lots of PR fanfare around this announcement back in early 2017 when the agreement was signed, but now that it's crumbled, not a peep from the IBM PR machine... read more
Everybody is focusing on 10,000 layoffs in GTS expected by IBM, but I am more interested in what the reassignments will mean for the rest of us. This sounds like an ideal opportunity for IBM to demote a huge number of people and cut our salaries... read more
So rumors are going on that if your a first line manager and your not in a close range of your team then get ready for change travel experience will not be allowed. So it’s time to relocate or find a job somewhere else.
Job cuts and re-organization happening today at IBM Canada (Cloud Managers were only informed yesterday later afternoon if they were still employed. And today is when they have to decide who is on their smaller team and who is not.
Replacing the CFO 1 week before 4Q17 Earnings results? Seems fishy despite IBM's denials to the contrary in the article. /
So how does IBM do a reorganization change this way? They want to save money but they have now have first line manager that live on the west coast but all there team is on the east coast not very smart.
The "do not distribute" slide that is floating around has been published by The Register: / On the left-hand side are the current positions of the employees, referred to as "sources of... read more
Don't let your butts leave a-- prints on my door on your way out! / The result? One-third of GTS to be 'redeployed' or not replaced when they leave . . . Exclusive IBM has indicated to... read more
Please post if you hear anything.
I am currently with IBM GBS and here is the sad part -- we have too much of upper management that does no contribution to opening up markets nor develop skills typically they belong to an era where the market was not that fast paced .. so we are... read more
Fast start what a joke Ibm is laying people off but they have money to waste on this
/ No buying strategy would have made you a lot of money on IBM stock over the last six years "Ginni Rometty’s pulling down more than $33 million in annual... read more
Just heard that your manager is not telling you that the role of SDL will no long exist just heads up
I received confirmation (off the record) today that a cut is in the works, from someone at the Director level, but no other info as far as timing or package details. Sounds like soon though, so probably the usual January RA. I wonder if it's 3 months... read more
"The judge said in Tuesday's order that IBM had argued that its 'financial strength proves that it will have the means to pay' about $90 million — the amount the award is expected to grow to, with interest, over the two years its appeal will likely... read more
Trollin', trollin', trollin'! / . . . IBM’s lawsuit against Expedia was filed in US District Court in Delaware just a week ago and came a day after the technology giant settled a similar... read more